21 February 2007

MoonRaker

Markets going to the moon...sure feels that way as the Dow and Russel 2K hit all time highs with the S&P hitting 5 year highs...still dragging is the Nasdaq but it too put in a stellar performance. Complacency abounds here with the VIX in barely double digit range.

CPI just hit and the numbers look a little hot for the bulls as the futures drop with the Dow down 26, the S&P 3.25 and the NQ's minus 5.5...I'll assume the bulls will be buying the dip but one of these days the bears will at least come out their caves for more then a morning...jfg.

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